v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 17,551 $ 18,290
Restricted cash 40,853 38,234
Accounts receivable, net 782,392 555,995
Other current assets 88,389 79,693
Current assets before funds held for clients 929,185 692,212
Funds held for clients 134,454 207,037
Total current assets 1,063,639 899,249
Non-current assets:    
Property and equipment, net 88,908 81,242
Goodwill and other intangible assets, net 2,828,643 2,869,790
Assets of deferred compensation plan 193,206 186,870
Right-of-use assets, net 396,291 334,048
Other non-current assets 39,742 38,329
Total non-current assets 3,546,790 3,510,279
Total assets 4,610,429 4,409,528
Current liabilities:    
Accounts payable 81,653 90,934
Income taxes payable 52,629 11,008
Accrued personnel costs 183,145 197,534
Contingent purchase price liabilities 16,152 30,035
Lease liabilities 59,575 64,674
Short-term debt [1] 92,786 66,372
Other current liabilities 85,538 68,299
Current liabilities before client fund obligations 571,478 528,856
Client fund obligations 135,305 206,738
Total current liabilities 706,783 735,594
Non-current liabilities:    
Long-term debt [1] 1,348,748 1,389,552
Income taxes payable 2,573 3,009
Deferred income taxes, net 54,487 7,141
Deferred compensation plan obligations 193,206 186,870
Contingent purchase price liabilities 3,527 10,213
Lease liabilities 391,440 307,905
Other non-current liabilities 7,406 7,177
Total non-current liabilities 2,001,387 1,911,867
Total liabilities 2,708,170 2,647,461
STOCKHOLDERS' EQUITY    
Common stock 1,476 1,447
Additional paid in capital 1,832,560 1,830,866
Retained earnings 1,219,728 1,011,566
Treasury stock (1,156,495) (1,078,521)
Accumulated other comprehensive income (loss) 4,990 (3,291)
Total stockholders' equity 1,902,259 1,762,067
Total liabilities and stockholders' equity $ 4,610,429 $ 4,409,528
[1] See Note 6. Debt and Financing Arrangements for further discussion of the short-term and long-term debt.